FEDERAL · 15 U.S.C. · Chapter SUBCHAPTER I—DOMESTIC SECURITIES

Unlawful representations

15 U.S.C. § 77w
Title15Commerce and Trade
ChapterSUBCHAPTER I—DOMESTIC SECURITIES

This text of 15 U.S.C. § 77w (Unlawful representations) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
15 U.S.C. § 77w.

Text

Neither the fact that the registration statement for a security has been filed or is in effect nor the fact that a stop order is not in effect with respect thereto shall be deemed a finding by the Commission that the registration statement is true and accurate on its face or that it does not contain an untrue statement of fact or omit to state a material fact, or be held to mean that the Commission has in any way passed upon the merits of, or given approval to, such security. It shall be unlawful to make, or cause to be made to any prospective purchaser any representation contrary to the foregoing provisions of this section.

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Source Credit

History

(May 27, 1933, ch. 38, title I, §23, 48 Stat. 87.)

Editorial Notes

Executive Documents

Transfer of Functions
For transfer of functions of Securities and Exchange Commission, with certain exceptions, to Chairman of such Commission, see Reorg. Plan No. 10 of 1950, §§1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1265, set out under section 78d of this title.

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15 U.S.C. § 77w, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/77w.